Real Money

'Fast Money' Recap: Jumping Into Retail

The trading panel looked at Sears, Family Dollar and Finish Line.

Brown completely disagreed. He's a buyer of Europe via the Vanguard FTSE Europe ETF (VGK). He added that valuations are low and the European stock market has a lot of ground to make up in the global recovery rally.

Adami said Celgene (CELG) still has value at current levels, along with Gilead Sciences (GILD). He suggested buying Amgen (AMGN) with a $117 stop-loss.

Brown said SolarCity (SCTY) was the new "king" of the residential solar market now that it is leasing its units to customers. He admitted the stock is expensive but said it could stay that way for a long time. He is long First Solar (FSLR).

Grasso is a buyer of Ford (F) after it announced a 25% increase to its dividend. He said the balance sheet is strong and the company offers solid products.

Guest Michael Burns, vice Chairman of LionsGateEntertainment (LGF), said content has become an impulse buy for consumers since they can purchase it so easily and at the price point they want. He added that international box office sales are growing. The demand for content remains strong, he concluded. Digital revenue at LGF were up 47% in 2013.

Adami said the stock is not trading well. He suggested buying it after it breaks out over the $32 or $33 level.

Richard Kovacevich, former chairman and CEO of Wells Fargo (WFC), was a guest on the show. He said the banks are being unfairly targeted by the government amid a slew of fines. He added that the rise in stock price is appropriate for the healthiness of the banks.

Although costs have come down, growing revenue will be the challenge going forward, he said. Kovacevich concluded the banks' credit is terrific and shares should continue to rally, especially if the Federal Reserve allows them to return more capital to shareholders.

Brown was optimistic on the financials, saying he believes there is much more room to the upside. He added that, of all the sectors in the S&P 500, the financials have the lowest valuation.

Kelly disagreed, and said that over the short term the financials seemed likely to pull back based on the flattening out of the yield curve.

BuffaloWildWings (BWLD) was the first company on the show's "Pops & Drops" segment. Kelly was not a buyer of the stock.

McKesson (MCK) jumped 3% and Adami said there is further room to the upside.